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At the annual meeting on June 25, the shareholders of Chelyabinsk Zinc Works decided not to distribute the 2018 profit and not to pay dividends. The profit will be spent to finance the company investment programs. Last year ChTZ decreased net profit 3-fold YoY, to 1.8 billion rubles. The decrease is due to the company…
DetailsIn April Russia exported 454.6 tons of tin ore and concentrate, up by 652% MoM and by 532.4% YoY. In January-April exports went up by 381.4% YoY, to 515.1 thousand tons. In monetary terms the exports since the start of the year have increased by 889.5%. In April the price dropped by 4%, to $9.3…
DetailsIn April the export of raw copper from Russia totaled 56.7 tons, down by 74.8% MoM and by 50.4% YoY. In 4 months exports fell by 62.8%, to 508.7 tons. At the same time, the price grew by 27%, to $15.9 per kg. Kazakhstan accounted for 99.6% of purchases. Since the start of the year…
DetailsIn April Russia exported 426.8 tons of copper rods and sections, down by 9.2% MoM and by 20.7% YoY. At the same time the price has increased by 7.4%, to $6.6 per kg. In 4 months exports dropped by 5.2%, to 1.7 thousand tons, and in monetary terms – by 4%. (Ukrainian metal)
DetailsThe Ministry of Economy of Kyrgyzstan proposes to increase the tax rate on the income of mining and mining-processing enterprises by 3% in the case of sale of gold ore and concentrates and revise the tax royalty base in sale of metal ores and concentrates. Amendments to the Tax Code have already been submitted for…
DetailsRussian metals and mining group Mechel has sent proposals to major state-owned creditor banks to reschedule its 347.5-billion ruble debt, CFO Nelli Galeyeva said during an annual general meeting of the company’s shareholders. “We sent a proposal to our largest creditor banks in June offering changes to the schedule of the company’s debt portfolio repayment.…
DetailsThe shareholders of the Russian metals and mining group Mechel have approved paying 18.21 rubles per preferred share in dividends for 2018, or a total of 2.527 billion rubles, and no dividends on common shares. The record date is scheduled for July 18. For 2017 Mechel paid 16.66 rubles per preferred share, or a total…
DetailsThe Ministry of Industry and New Technologies of Tajikistan has reported a significant increase in the production of precious metals in the country since the beginning of 2019. According to the source, the gold production in January-May increased by 60.8% YoY. At the same time, silver production increased by 37.6%. However, the ministry and other…
DetailsThe Proizvodstvo polimetallov (Polymetal Manufacture) subsidiary of Uralelectromed has received a new BelAZ 7540 dump truck. The machine carrying capacity is 30 tons. Daily the company operates some 11 BelAZs. This is the first machine purchased this year. The company also intends to buy a forklift truck and a front-end loader. (Ukrainian metal)
DetailsThe Department of the protection of the inner market of the Eurasian economic commission has prolonged the antidumping investigation of the import of galvanized metal of Ukrainian and Chinese origin. The investigation is prolonged until October 28. The original investigation has been initiated by MMK, NLMK and Severstal. (Ukrainian metal)
DetailsIn May, Ural Steel LLC increased rolled metal sales by 0.3% YoY, to 127.2 thousand tons. This is the highest level of sales this year. In January-May sales grew by 6.6%, to 575.8 thousand tons. Deliveries to Russian customers went up by 16.6%, to 550.6 thousand tons, while exports fell by 63%, to 25.2 thousand…
DetailsBishkek hosted a forum of suppliers of goods and services for mining industry. Instead of standard speeches and statements, it was held in an exhibition format so that suppliers and customers can find a common language. “We are often approached by suppliers of goods and services in various sectors of the economy, especially in subsoil…
DetailsIn April, Metinvest B. V. revenue dropped by 7.5% MoM, to $954 million. EBITDA was $173 million, down by 6%. Corrected EBITDA of the metal division totaled $53 million ($46 million in March), and of the mining – $151 million ($148 million). Combined revenue comprised metal division revenue of $791 million ($844 million) and mining…
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